Showing 1 - 10 of 137
Bank of Thailand keeping an eye on rising baht
Business, Somruedi Banchongduang, Published on 26/09/2024
» The Bank of Thailand insists it is committed to managing the baht's appreciation against the US dollar, with a view to easing its impact on the real economy.
Domestic gold prices head for new high
Nareerat Wiriyapong, Published on 25/09/2024
» Domestic gold prices are on course to surpass the previous high of 42,150 baht per baht-weight (15.2 grammes) as global prices stayed near an all-time high, approaching $2,700 an ounce, say local traders.
Finance minister presses case for rate cut
Published on 25/09/2024
» Finance Minister Pichai Chunhavajira is once more pushing the government’s case for a cut in interest rates ahead of a meeting next week with the Bank of Thailand, where the inflation target and the strong baht will be on the agenda.
Govt continues to push rate cuts
News, Phusadee Arunmas, Published on 25/09/2024
» The Finance Ministry and the Bank of Thailand (BoT) will meet next week to discuss the strong baht and the country's inflation target as the government continues to push for interest rate cuts.
As baht gains, Thai rates primed for a cut
Nareerat Wiriyapong, Published on 24/09/2024
» The rapid appreciation of the baht could prompt the Bank of Thailand to cut interest rates as early as its meeting in mid-October, say analysts, as ongoing inflows would support a further strengthening of the currency
Baht at 19-month high against US dollar
Business, Published on 24/09/2024
» The baht surged to a 19-month high against the dollar, driven by a weaker US currency and profit-taking in gold.
Private sector calls on BoT to cut rates
Business, Phusadee Arunmas, Published on 24/09/2024
» The private sector is urging the Bank of Thailand to reduce interest rates and maintain the value of the baht.
Analysts raise year-end target for SET
Business, Nuntawun Polkuamdee, Published on 24/09/2024
» Stock market analysts project that the Stock Exchange of Thailand (SET) index will rise by year-end, along with gold prices due to economic weakness in the US and the US Federal Reserve (Fed) interest rate cut.
All eyes on Thai baht
Business, Published on 23/09/2024
» The direction of the Thai currency for the remainder of the year is critical for local industries after the Federal Reserve cut interest rates as expected last Wednesday, putting more pressure on the Bank of Thailand's Monetary Policy Committee (MPC), which has held steady on rates since last year.
US can't rely on inflation shamanism
News, Published on 23/09/2024
» Google "shamanism" and you will find that it is "a tradition of part-time religious specialists who establish and maintain personalistic relations with specific spirit beings through the use of controlled and culturally scripted altered states of consciousness." Every element of that definition applies to monetary policymaking today, as illustrated by the reaction to the US Federal Reserve's Sept 18 decision to cut the short-term interest rate by 50 basis points.